Penny Pritzker to get Commerce nod this week: report

Penny Pritzker will be nominated this week to be the next U.S. commerce secretary, according to a report.

President Barack Obama's nomination of Ms. Pritzker will end “months of speculation,” the Wall Street Journal reported. The Chicago businesswoman resigned last month from the Chicago Board of Education.

Ms. Pritzker is co-founder of PSP Capital Partners LLC and Pritzker Realty Group in Chicago and Artemis Real Estate Partners LLC in Chevy Chase, Md., just outside the capital. She was finance chairman of Mr. Obama's first campaign for president.

The Wall Street Journal and other outlets also reported that Charlotte, N.C., Mayor Anthony Foxx would be nominated today to succeed Ray LaHood as transportation secretary. Mr. LaHood, a former Peoria congressman, announced in late January that he would leave the position.